SoldOct 7, 2019

Listed by Greg Bassirpou from Marcus & Millichap Re Invest

, 

Bought with Terry McCarty from Coldwell Banker Residential Brokerage - Huntington Beach

1044 Cedar Ave, Long Beach, CA, 90813

$1,175,000

4744 sq. ft.
7451 sq. ft.

MultiFam

•

30+ days on the market

Sold: Oct 7, 2019

What's around 1044 Cedar Ave

About this property

The Cedar Avenue Apartments is a six-unit multi-family community located in the City of Long Beach. Located at 1044 Cedar Avenue, this investment presents a stable, low expense, turn-key opportunity with a 6.25% CAP Rate and 11.70% total return on current income. The building is comprised of (1) large, four bedroom/ two bathroom house, (2) two bedroom/ one bathroom units, (2) one bedroom/ one bathroom units, and (1) large, 1, 000 square foot two bedroom/ one bathroom non-conforming unit. The property also offers amenities including an on-site laundry facility, gated yard, and ample on-site parking. The plumbing and electrical has also recently been updated. The City of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach Port is undergoing $4.4 billion in future redevelopment that will create 14, 000 new and permanent jobs in Southern California. The Long Beach market has enjoyed strong rental growth and growing tenant demand over the past few years.

Looking for more information on 1044 Cedar Ave?

Explore comparables, sales history and growth for this property.
Learn more

Contact

Similar properties sold nearby

SoldOct 23, 2026
$2,815,000
755 Gaviota Avenue
Long Beach CA 90813
2
2
Multi-Family
Listing courtesy of Morgan Skenderian and Fahim Tanios Broker
SoldOct 16, 2026
$1,005,000
1567 Elm Avenue
Long Beach CA 90813
6
3
Multi-Family
Listing courtesy of Re/Max Top Producers and Keller Williams Realty
SoldSep 8, 2026
$945,000
1443 East 7th Street
Long Beach CA 90813
4
4
Multi-Family
Listing courtesy of CENTURY 21 Allstars

Other properties sold by Marcus & Millichap Re Invest

SoldOct 19, 2026
$2,450,000
1116 West West Avenue
Fullerton CA 92833
3
2
Multi-Family
Listing courtesy of Marcus & Millichap Re Invest and Newport Apartment Group
SoldOct 14, 2026
$1,335,000
4445 Atlantic Avenue
Long Beach CA 90807
2
1
Multi-Family
Listing courtesy of Marcus & Millichap Re Invest and Arcadia Mortgage & R.E Group
SoldOct 5, 2026
$1,420,000
2133 East Almont Avenue
Anaheim CA 92806
6
4
Multi-Family
Listing courtesy of Marcus & Millichap Re Invest and First Team Real Estate

Browse properties sold in nearby areas

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

© 2026 RateMyAgent